Amendment to Promissory Note Stein Mart, Inc. (“Borrower”) SunTrust (“Lender”)
EXHIBIT 10.40
Amendment to Promissory Note
Xxxxx Mart, Inc. (“Borrower”)
SunTrust (“Lender”)
This Amendment to the Promissory Note (“Note”) dated February 2, 2018 in the principle amount of $13,738,318.06 by and between XXXXX MART, INC. (“Borrower”) and SUNTRUST, as trustee (“Lender”) is entered into this 7th day of March, 2018.
In consideration of their mutual undertakings, Borrower has requested and Lender has agreed to extend the payment due date on the Note to July 1, 2018.
Accordingly, the Note is hereby modified, and Borrower agrees to repay the principal amount with interest as stated in the Note by July 1, 2018.
Signed Under Penalty of Perjury, this 7th day of March, 2018.
| XXXXX MART, INC. (“BORROWER”) |
| /s/ X. Xxxx Xxxxxxx |
Signed in the presence of:
| /s/ Xxxxx Xxxxxxxxx |
| Witness |
| Xxxxx Xxxxxxxxx |
| Printed Name |
SunTrust, as Trustee u/t/a dated September 1, 1999 by and between Suntrust, Central Florida, N.A. or its successor in interest, and Borrower:
| /s/ Xxxxxxx X. Xxxxxxxx |
| Signature |
| Xxxxxxx X. Xxxxxxxx |
| Printed Name |
| CFO |
| Title |
